MOG founder and former Beats Music CEO suing Beats for $20 million ahead of expected Apple buy

Dr. Dre, Jimmy Iovine And Luke Wood Launch The Beats By Dr. Dre Pill At The Beats Store In Soho, NY

Luke Wood, Jimmy Iovine, & Dr. Dre

Just as Apple is expected to close on a deal with Beats Electronics as soon as next week, a new report from The Wrap shares that David Hyman, the founder of music service MOG which Beats purchased, is suing the headphones and streaming music company for at least $20 million plus interest.

The suit claims that, under an incentive plan adopted during Hyman’s tenure, he would be entitled to compensation including 2.5 percent of the company’s “currently outstanding equity interests,” with 1 percent due on the first anniversary of Hyman’s date of employment, and subsequent installments due in subsequent months. The suit also claims that he was promised a grant of 25 percent of the company’s outstanding equity interests following adoption of the incentive plan if the company achieved a fair market value of $500 million or more.

Hyman served as founder and CEO of the MOG music service for seven years until Beats Electronics purchased it for $14 million in May 2012. Hyman stayed on to head the music service that is now Beats Music where he served as CEO for just seven months.

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Apps & updates: BBC iPlayer, imo.im, MOG, Adobe Proto, more

Aside from our full list of interesting apps and updates hitting the App Store this morning, Hulu is making “Kill Bill: Volume 1″ available to stream free (you can get Hulu Plus free for two months here). We will continue to update the list of apps below throughout the day:

BBC iPlayer version 1.3.2: BBC’s streaming app for its TV and radio networks received a nice update today that brings updated graphics for Retina iPads, improved video playback performance, enhanced Voice Over controls, and the usual bug fixes and performance updates.

imo instant messenger version 3.2: The popular instant messaging app with more than 700,000 users and 50 million messages sent daily was updated this morning with one big new feature previously only available to Android users: voice calling over Wi-Fi, 3G and 4G. All users running iOS 3.1 and up can now make free calls to their imo contacts with no usage of cell minutes and no data usage over Wi-Fi.

TweetBot version 0.7.0: TweetBot for Mac beta has been given a nice update, adding the ability to edit your Twitter profile within the app, animated .gif support, and Storify support among even more features. Due to Sandboxing issues, you will need to manually install the update.

MOG version 2.1.33: Online music subscription service MOG, home to roughly 16 million songs and 500,000 paid subscribers, was recently acquired by Beats Electronics. Its iOS app received a decent update today, with the ability to create and edit playlists, as well as a new album reviews section, and a “better, stronger, faster interface.”

Adobe Proto version 1.5: Adobe’s prototyping app for creating wireframe prototypes of apps and websites was updated today with a few notable features. A full list of what’s new in the update including email and Dropbox sharing, navigation improvements, and more is below:

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Sony releases ‘Music Unlimited’ Spotify competitor as iOS app

Looking to usurp rival competitors like Spotify and MOG, Sony today launched its Music Unlimited streaming service as an iOS app. We told you in January that it was coming, but today the free app officially hits the App Store with subscriptions starting at $3.99 a month for varying access to the service’s 15 million+ songs and playback features. There is also a 30-day free trial of the premium service.

Previously only available to Android users and Sony products such as PlayStation 3 and Blu-ray players, the service offers two paid subscriptions options, including: a $4 Basic plan that provides basic channels and access to your own library; and a $10 Premium account giving you access to on demand playback for Sony’s catalogue, offline listening. The more expensive packages also offers the ability to create playlists, and access charts, new releases, and premium channels. Unlike Spotify, which recently debuted its iPad app, the Music Unlimited app does not have an iPad-specific version.

The Sony Music Unlimited app is available in the New Zealand App Store now, and it should hit the United States and other supported markets soon. As of March, Sony offered the service in 14 countries including the U.S., Canada, Australia, France, Germany, Ireland, Italy, New Zealand, Spain, United Kingdom, Denmark, Finland, Norway, and Sweden. A full list of features for Basic and Premium subscribers is below:

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MOG unlimited music hits the iPad ahead of Spotify

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MOG is a Spotify-like service that streams 14 million songs to your devices and allows you to download music for offline viewing. The free version allows you to stream music against advertising. Meanwhile, the $4.99 version allows you to not only listen to ad-free music but also download music. The $9.99/month version allows unlimited downloads on mobile devices. Today, MOG added one new big device to its list: The iPad.

The iPad version (not universal?) hit the App Store today joining the earlier iPhone version. Perhaps, if you like your music on a native iPad-sized app, it is time to move to MOG (14-day free trial here with unlimited downloads).

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